Purchase a House through the Land Bank that Is Ready for Rehab
Homes sold through this program are in poor or fair condition. To purchase a home through the Ready for Rehab program, scroll down to check out current listings or sign up for our Ready for Rehab mailing list below. If you see a property you like:
- Step 1 – Show up to view the home during the listed open house hours and pick up an offer form at the open house
- Step 2 – Gather proof of funds/income as detailed on the form, and
- Step 3 – Submit your offer (see below for more details)
The houses are sold as is and are often in need of repair and improvement.
SIGN-UP FOR OUR READY FOR REHAB HOMES FOR SALE WEEKLY EMAIL LIST!
Friday, March 3, 2023; 1:00 p.m. – 4:00 p.m.
Wednesday, March 29, 2023; 1:00 p.m. – 4:00 p.m.
Wednesday, March 29, 2023; 9:00 a.m. – 11:30 a.m.
Thursday, March 30, 2023; 9:00 a.m. – 11:30 a.m.
Thursday, March 30, 2023; 1:00 p.m. – 4:00 p.m.
Friday, March 31, 2023; 9:00 a.m. – 11:30 a.m.
Friday, March 31, 2023; 1:00 p.m. – 4:00 p.m.
Wednesday, April 5, 2023; 9:00 a.m. – 11:30 a.m.
Wednesday, April 5, 2023; 1:00 p.m. – 4:00 p.m.
Thursday, April 6, 2023; 9:00 a.m. – 11:30 a.m.
Thursday, April 6, 2023; 1:00 p.m. – 4:00 p.m.
Process for Safety First Ready for Rehab Open Houses
In an effort to limit the spread of COVID-19, we have adjusted our processes to promote a safe property buying experience — from the initial viewing to the final closing. We ask that you comply with our policies for sale. If you are interested in purchasing a Ready for Rehab Home, you MUST first attend an Open House.
When arriving, bring your photo ID, please check in with a Land Bank representative first, sign a Land Bank liability release and wait for the Land Bank representative to allow you access to the home. We are limiting the number of individuals allowed in the structure at a time. Please wear a mask covering your nose and mouth and remain at least 6 feet from anyone not in your party. After you view the property, if you decide you are interested in making an offer on the house, the Land Bank employee will have an offer sheet. Applicants must attend open house for their offer to be considered.
The Land Bank office remains closed to the public.
Offers
Required documents when submitting an offer:
• Valid Photo ID (state-issued ID or driver’s license, military ID, passport, etc. No student IDs or non-picture IDs can be accepted.)
• Proof of available funds for offer amount
• Proof of available funds or documentation of financing source for estimated renovation cost on second page of offer form
• Proof of investment in previously purchased GCLBA property (if you have purchased before.)
Offers can be submitted by fax, 810-257-3090, in person to our drop box or via email to offers@thelandbank.org. Please make sure to include all required documentation; incomplete offers will not be accepted or reviewed.
With a Land Bank Highest and Best offer, there is only one opportunity for each party to make an offer. The Land Bank reserves the right to refuse any and all offers to purchase. Having the highest offer does not necessarily mean that offer will be accepted. GCLBA staff review renovation cost estimates, proof of adequate funding and documentation of pervious investment in Land Bank purchased property to qualify the applicant. If you have delinquent property taxes or went through property tax foreclosure in the last five years, you do not qualify for purchase and your offer will not be reviewed.
To learn more about this program, watch these videos:
Creating Affordable Homeownership Opportunities - Watch this Video
Purchasing Properties in Poor or Substandard condition - Watch this Video
